CCI Surety, Inc is an underwriter for Contract, Commercial and Miscellaneous Surety Bonds.

We are back in the office following the long holiday weekend. Our last electronic marketing effort that focused on our Commercial Bond Department definitely generated some inquiries. As expected, Motor Vehicle Dealer bonds were a hot topic. We actually received more Payment & Performance bond inquiries than expected considering that the focus was not on Contract Bonds.

As always don’t hesitate to contact us here in Golden Valley, MN, or if you are in the Southeast, contact our office located in Tampa, FL.

Project Size
Up to 2x the largest completed project ($2M maximum per individual project)

15 to 20x available working capital (for all projects)
– Lines of Credit are included as working capital
– Contractors with negative working capital may also be eligible using additional tools

Business Size
Allowable business sizes based on total sales and the number of employees are determined by NAICS code and vary depending on the type of business. Total sales can be as high as $33.5M in many cases.

SBA Paperwork The SBA has greatly reduced the amount of paperwork needed to utilize the program. In addition to our normal underwriting documents there are only Two 1-page SBA forms, that need to be filled out.

Call CCI for a one page application and approval based upon credit. CCI will write single bonds (bid, payment and performance) up to $300,000 and provide an aggregate backlog of $500,000. This is a credit driven program where the individual owners must have a 650 or better beacon score to qualify. If they do not fit this program, we have other programs which may be applicable.